Math, asked by rekhamahato5555, 1 month ago

Meena deposited₹250per month in a bank for one year under the recurring deposit scheme.what will be the maturity value of her deposit, if the rate of interest is 8% per annum?

Answers

Answered by aisha2407
0

Step-by-step explanation:

Given : 1. Meena Deposited 250 rupees per month For 1 year

2. Rate of interest =8%

To find : what will be the Amount she will get after Maturity. ?

solution :

Principle = 250× 12 = 3000

Therefore P = 3000

Time = 1 year

Rate of Interest = 8%

= P ×T × R = 3000 × 1 × 8

100 100

= 3000 × 8 %

100

Interest = 240

Amount = principle Interest

A = 3000 240

Amount = 3240 rupess

[ Therefore Meena will get Rupees 3240 in her Maturity value ]

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